Major energy commodities were traded mostly up on the fourth business day of the week: the prices of Brent oil and WTI oil changed course and rose on Thursday; natural gas Henry Hub future (short term delivery) also spiked yesterday; silver and gold prices remained virtually unchanged again on Thursday; the Euro also spiked against the USD on Thursday. Moreover, several other currencies such as the Aussie dollar also appreciated against the US dollar.
Here is a summary of the daily changes of precious metals and energy commodities for March 7th, 2013:
Forex and Bullion Markets:
On Thursday, gold rose by 0.01% to $1,575.1; silver increased by 0.02% to $28.78. During the month, gold declined by 0.16%; silver rose by 1.37%.
On Thursday, the Euro/USD spiked by 1.08% to 1.3107; the U.S Dollar depreciated against a few currencies such as Australian dollar by 0.34%.
WTI oil price changed course and rose by 1.25% to $91.56 per barrel; Brent oil also increased by 0.08% to $111.15 per barrel;
Thus, the gap between Brent and WTI contracted to $19.59/bbl. During the month, WTI decreased by 0.53%; Brent oil inched down by 0.21%.
Finally, the Henry Hub future (short term delivery) also rallied yesterday by 3.23% to reach $3.58/mmbtu.
A Summary for March 7th:
The table below includes: closing rates, daily percent changes, and daily shifts:
For further reading: